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Erskine Bowles and Alan Simpson, co-chairs of the bipartisan National Commission on Fiscal Responsibility and ReformBowles, Simpson Call for Tax, Spending Reforms

Facts, figures and wise cracks were tossed around the stage in equal measure in Page Auditorium, but Erskine Bowles and Alan Simpson made it clear the federal budget and congressional gridlock are no laughing matters.

“If Congress doesn’t wake up, we face the most predictable and avoidable economic crisis in history. This fiscal path is not sustainable,” said Bowles, who along with Simpson chaired a national bipartisan commission on the budget and the federal debt. The two gave the Terry Sanford Lecture on Jan. 18, in a session moderated by Sanford professor Philip Bennett.

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